OSLO: Vow ASA has, through its subsidiary ETIA, been awarded a milestone contract for waste sorting robotics based on artificial intelligence (AI).
A contract has been signed with one of the largest recycling companies for ferrous and non-ferrous metals in Europe on an application to sort out copper parts in ferrous waste streams. This first order of 230 kEUR consists of integrating a robotic sorting unit on one of their many waste processing lines of shredded metal parts.
“Even if this is a small order, it is a milestone contract for us. I’m also impressed by our teams being able to industrialize this advanced solution for our markets within only 18 months”; says Vow ASA CEO Henrik Badin in a statement.
Waste sorting robotics based on artificial intelligence is a game changer in waste management and particularly in metal scrap industry. This industry vertical alone represents a market potential for Vow ASA of more than 1000 units in Europe.
The Vow sorting solution is complementary to the group offering for waste processing, recycling and valorization. It will contribute to circular economy, saving natural resources and reducing CO2 emissions.
Vow came to light in 2020 when the company Scanship Holding ASA decided to change name to Vow ASA. During the preceding year, the company had undergone a remarkable and significant transformation, most notably by the acquisition of the French engineering company Etia Technologies. The new name reflects the group’s commitment to deliver not only solutions for cleaner oceans, but also solutions for valorisation of waste on land.